Pesaro, 23 September 2015 - TeamSystem, leader in the development and distribution of software and services for professionals and SMEs, has acquired a 51% majority stake in Fatture in Cloud, a Bergamo-based innovative startup founded by the 23 years old Daniele Ratti, that aims to revolutionize the world of electronic invoicing for small businesses and professionals with over 40,000 users acquired in a little more just after a year of operations.
€ 1.5M of initial investment with an earn-out (formula through which the payment of the purchase price of a company or of a share it is bound to certain economic, financial or equity conditions) that will be determined depending on the results that the startup will achieve in the next five years: "Fatture in Cloud - says Federico Leproux, CEO of TeamSystem group - is a strategic pillar for us to manage the interconnected system that streamlines the billing process of SMEs and digitalize it, connecting all the players in the system: from the company, to accountants, up to the bank." A simple and accessible service, downloadable from a store on smartphones and tablets, like any other app.
Despite having acquired the majority shares
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